19 Parkland Single Family Homes Sold in February 2012

Parkland Real Estate Single Family Market Home Update For February 2012 Presented By Realtor Michael Citron

Property Address

Type Of Listing

Community

Price

Beds/Baths

Pool?

Water View?

Square Feet

7682 NW 127th Manor

Regular Sale

Heron Bay – Vistas

$758,000

6/5

Yes

Yes

4,777

6454 NW 65th Terrace

Regular Sale

Pine Tree Estates

$656,000

5/4

Yes

No

2,996

6005 NW 97th DRIVE

Regular Sale

The Landings

$555,000

5/3

Yes

Yes

3,424

8320 NW 105th Lane

Regular Sale

Heron Bay – Creekside

$512,500

5/4

Yes

No

3,470

9524 Exbury Court

Short Sale

Parkland Golf & Country Club

$465,000

4/2.5

Yes

No

2,575

12630 NW 76th Street

Regular Sale

Heron Bay – Vistas

$477,500

4/3

No

Yes

3,063

7115 Spyglass Avenue

Regular Sale

Parkland Golf & Country Club

$465,000

4/2.5

Yes

No

2,575

7079 NW 68th Drive

Regular Sale

Ternbridge

$465,000

3/3

Yes

Yes

2,614

9601 Cinnamon Court

Regular Sale

Parkland Golf & Country Club

$430,000

3/2.5

Yes

Yes

2,754

6836 NW 66th Way

Bank Foreclosure

Pine Tree Estates

$407,000

4/3

No

No

3,059

7668 NW 122nd Drive

Short Sale

Heron Bay – The Greens

$389,000

4/2

No

Yes

2,498

7560 NW 75th Drive

Regular Sale

Whittier Oaks

$380,000

4/3

Yes

Yes

2,619

11579 NW 72nd Place

Regular Sale

Heron Bay – Bay Cove

$350,000

3/3

No

Yes

2,196

6653 NW 81st Court

Regular Sale

Mayfair At Parkland

$340,000

4/3.5

Yes

No

2,173

11246 NW 65th Manor

Short Sale

Parkland Isles

$319,000

4/3

No

No

2,124

7060 NW 75th Street

Short Sale

Cypress Cay

$250,000

4/2

No

No

2,071

7603 NW 70th Avenue

Regular Sale

Parkside Estates

$248,500

3/2

Yes

No

1,848

6430 NW 58th Terrace

Short Sale

Sable Pass

$245,000

3/2.5

No

Yes

1,755

6793 NW 81st Court

Bank Foreclosure

Mayfair At Parkland

$230,000

3/2

No

No

1,913

There were 19 total single family sales for the month ofFebruary 2012 ranging in price from $230,000 to $758,000. In January, 2012, there were 17 total single family home sales. There were 2 more Parkland single family homes sold in the month of February, 2012 than in January, 2012. Among the February sales, 7 were distressed sales (bank foreclosures or short sales). 37% of all sales were distresses ones.

We are seeing a decrease in the amount of distressed sales in Parkland, Florida. As more and more distressed sales are sold, the overall Parkland real estate market will settle in the coming months. Inventory is a record low levels in Parkland. Buyers are also purchasing pre-construction homes in Heron Bay, Parkland Golf & Country Club, and Parkland Reserve. Currently there are 194 total single family homes for sale in all of Parkland. As a result, buyers do not have a plethora of available homes to choose from.

Parkland home listings that are priced and presented well sell in days, not months. If you are currently thinking about selling your Parkland or South Florida home, now is the time. Buyers are willing to pay at least market to above market value for homes in the city. If you are an empty nester or need a larger home for your growing family, now is the ideal time to make the move. Interest rates are at record low levels. You will be able to sell your home for top market dollar, and then be able to take advantage of low interest rates when purchasing your next home. It is a win win situation for all Parkland homeowners.

The Parkland and South Florida real estate market will pick up even more as Spring is here. More buyers will be entering the market in the coming weeks and months. Inventory will increase, but I do not believe it will increase enough to meet the large demand of buyers looking to call Parkland their home!

As I have stated in past market update blog posts, I certainly see the overall Parkland real estate market stabilizing this year. In many Parkland communities, we are already seeing this settlement along with some price increases. Parkland is one of the most desirable areas in all of South Florida. It is more stable than neighboring areas such as Coral Springs or Coconut Creek. More and more people are looking to call Parkland home and live the Parkland Lifestyle. With excellent schools, many parks, and a plethora of other activities for the entire family to enjoy, Parkland will continue to grow and become one of the most sought-after communities in South Florida.

Every month, I make sure to post each and every single family home resale that takes place in the City of Parkland, Florida. Being a Parkland resident, I know how important is to keep abreast of the monthly real estate sales and market activity. If you would like to see home sales in the past months, please click here.

Know the neighborhood. Know the value. Know your hometown agents: The Parkland Parrot Real Estate Team. If you are interested in buying or selling in Parkland or South Florida and are looking for experienced local Realtors, please do not hesitate to contact the Squawk at 954-609-0591 or send us a message here.

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